Credit Card Spending Surges, Household Savings Decline: Indians Buying More Than They Can Pay?

2023 • 4min • News • Business


Published On: September 29, 2023 - Credit card spending in India surged to a record high of Rs 1.5 lakh crore in August, while the net financial savings of an average Indian household hit a 47-year low. The rising number of credit card and loan defaulters has put the spotlight on changing Indian household habits. Gauri Chaddha, Tax Expert, joins News9’s Shweta Kothari and Krishnakumar to discuss the trend.